The Treasury Department Tuesday auctioned $30 billion of three-year notes with a 5/8% coupon at a 0.715% yield, a price of 99.734055.
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The bid-to-cover ratio was 3.42.
Tenders at the high yield were allotted 30.74%. All competitive tenders at lower yields were accepted in full.
The median yield was 0.697%. The low yield was 0.650%.
Tenders totaled $102,494,375,800 and the Treasury accepted $30,000,052,800, including $48,375,800 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
The notes, dated Feb. 15, will mature Feb. 15, 2017.
